Review on Maker by Özgün A
Project stable in price
Maker is a mid-tier crypto project produced with blockchain technology.
Maker is registered on the Ethereum network. Transactions are carried out with smart contracts on the Ethereum network. These smart contracts are not the same as the smart contracts Ethereum uses. The smart contracts that Maker uses are more advanced than Ethereum in terms of scalability. Processing speeds have been increased.
Leveraged transactions can be done with Maker. Users lend and borrow money to each other through the system. There is no limit to borrowing or lending. Maker's ecosystem performs these operations by setting up smart contracts in line with its ecosystem. The problem with Maker that scares users when it comes to leveraged transactions is that it doesn't insure. There is a risk of losing your assets in case of any wrong operation or problems caused by the system.
Maker (MRK) is a local token and gives you voting rights. Users who have MKR tokens have the right to vote on the decisions to be taken. The price of MKR is very good.
Maker can work with some hardware wallets and cold wallets.
Pros
- Cooperation agreements with many world famous companies
- The price is quite high
- Less affected by price fluctuations
- Uses advanced ETH smart contracts
Cons
- MKR delays can be experienced due to the high density of Eth
